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Show CASH FEATURE OF BONUSJELIMINATED FORMER SOLDIERS WILL BE ABLE TO OORROW FIFTY PER CENT ON CERTIFICATE Agreement Is Reached so as to Enable Soldier to Receive. Cash on Certificate Cer-tificate Where Set Sum Is Not Exceeded WaiAiIngton Unanimous agreement to ellmlnnte the cash feature of the soldiers' bonus except In the caso of men whose adjusted sorvlco pay would not exceed $50 was reported Thursday by the special subcommittee of Itepub-Ham Itepub-Ham members of the houso ways nnd means committee to which tho whols Iwnas question was referred. In lieu of cash for tho other sorvlco men It wns agreed Ut add n new provision pro-vision to the bonuB bill under which the men accepting odjustod service certificates could borrow Immediately on those certificates from banks n sum eqnnl to SO per wnt of tho total adjusted adjust-ed service pay, computed nt the rate of $1 a day for doinealc service and $l."t n day Tor foreign service. This official statement of the agree, ment of the sulcommlUce was lssuod tby Chulrman Fordncy: "Tlie subcommittee, consisting of Clinlrinnn Itordaey, Messrs. Green, Longwortn, Hawicy, Treadway nnd Copley have tentatively agreed upon and jiiypared a provision to bo submitted sub-mitted which In substance Is ns follows: fol-lows: "Tie ellmlaatlon of the cash feature of tlte buses bill where tho veteran are entitled to more thnn ?M) adjusted service pay, but adding a new loan pro. vishfn to the adjusted service certificate certifi-cate title, which will enable holders of such cortlflcntes to borrow from any national bank or bank or trust company com-pany Incorporated under the laws of any state, 60 per cent of the sum of the adjusted service pay prior to September Sep-tember 30, 10'Jft. This date was fixed because after that time the bill ns originally drafted by the committee provides for larger pcrcontogo of lonn by the government and hns not hern changed by the subcommittee." Chairman Fordney said this plan wus expected to meet with general up provol, since It enabled the soldiers who may be In need to ubtnln cush Immediately Im-mediately after the Issunnce of the certificates; would relieve the treasury of any largo cash payment during tin enormous refunding' operations which must to carried out In the next twr years ond would placo no additional tax burden upon tho public. Under another tentntlvo provision being considered the litic to the cer 'Iflrntes could not bo disposed of bj the service men, the Idea being, Mr Fordney explained, to prevent tho cTr tlflint's from fallllng Into the hands or loan sharks. |